Counterfeit

Alibaba Pays $250M to Settle Lawsuit Over Failure to Disclose Counterfeit Claims

Alibaba Group Holding Ltd. has agreed to pay $250 million to settle a lawsuit that claimed the e-commerce giant had failed to disclose meetings with the Chinese government regarding alleged counterfeit products before it went public. The class-action settlement’s terms named Alibaba and executives including co-founders Jack Ma and Joe Tsai, who denied all allegations of wrongdoing. It was …


Not ‘As Seen on TV’: Snuggie Maker Sues Amazon.com

Makers of the Snuggie blanket and other products sold mainly on TV have sued Amazon.com Inc, accusing the internet retailer of trademark infringement for letting an “astronomical” number of counterfeit products to be sold through its website. The lawsuit was filed on Monday night by Allstar Marketing Group LLC, Ideavillage Products Corp and Ontel Products …